Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5%
Jobless rate expected to have dropped to its pre-pandemic low of 3.5%
survey of economists , payrolls likely increased by 325,000 jobs last month after rising 428,000 in April,
Estimates ranged from as low as 250,000 jobs added to as high as 477,000.
That prompted economists at Goldman Sachs to lower their nonfarm payrolls forecast by 50,000 to 225,000.
There were 11.4 million job openings at the end of April, with nearly two positions for every unemployed person.
The U.S. central bank has increased its policy interest rate by 75 basis points since March.
The prior two recessions are once in a 100 years type of event. So they’re not likely to be repeated.”